Kazkommertsbank net income up 3% in first half

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Moody’s changes outlook on Kazkommertsbank’s financial strength rating to stable from negative

(Moody’s) - Moody’s Investors Service has changed theoutlook on Kazkommertsbank’s E+ bank financial strength rating (BFSR) to stable from negative, while the negative outlook on the deposit and debtratings is maintained.

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ANALYSIS: Bank lending lags Kazakh recovery

(bne) - Kazakhstan’s economic growth is accelerating, though bank lending is continuing to lag the recovery and the volume of loans this year will be almost half of what it was expected to be, according to a new report from VTB Capital.

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Kazkommertsbank begins trading in new domestic bonds

(SRI) - Kazkommertsbank (KKB), Kazakhstan’s largest bank, said it commenced on Monday the trading of new domestic bonds totalling KZT35 billion ($237 million) issued as part of the bank’s second bond program.

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Fitch revises Kazkommertsbank Outlook to Stable

(Fitch Ratings) - Fitch Ratings has revised Kazkommertsbank’s (KKB) Outlook to Stable from Negative, whilst affirming the bank’s Long-term foreign currency Issuer Default Rating (IDR) at ‘B-’.

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Kazkommertsbank reports net income of $38 million in Q1

(SRI) - Kazkommertsbank, Kazakhstan’s largest bank, reported a net profit of KZT5.6 billion ($38 million) in the first quarter of 2010, up from KZT5.0 billion a year earlier.

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Kazkommertsbank profit down 6 percent in 2009

(SRI) - Kazakhstan’s largest lender Kazkommertsbank said last week its net profit in 2009 fell 5.7 percent to KZT19 billion ($129 million) amid increasing tax expenses.

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Fitch revises outlooks for Halyk and Bank CenterCredit

(Fitch) - Fitch Ratings has on January 22 revised Kazakhstan-based Halyk Bank’s and Bank CenterCredit’s (BCC) Outlooks to Stable from Negative and Evolving, respectively.

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Alnair Capital increases stake in Kazkommertsbank

(SRI) - Alnair Capital, a major shareholder in Kazakhstan’s largest bank Kazkommertsbank, has increased its stake to 28.565 percent, the bank said on Thursday.

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Kazkommertsbank to finance halted construction projects

(SRI) - Kazkommertsbank received KZT20 billion ($134 million) from Kazakhstan’s state holding and investment company Samruk-Kazyna to finance stalled construction projects.

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